Why Tracking Assets, Liabilities, and Depreciation on Your Balance Sheet Is Crucial for Small Business Success
Stephanie Peterson
MAY 4, 2025
As the owner of Superior Virtual Bookkeeping LLC, Ive seen firsthand how many small business owners overlook one of the most vital parts of financial management: accurately tracking assets, liabilities, and depreciationon their balance sheet. Whether you're a startup or a growing enterprise, maintaining a precise and updated balance sheet isn't just a good practiceits essential to making smart financial decisions, staying compliant, and positioning your business for long-term success.
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